Ukraine: Ukroboronprom to expand cooperation with Defense Ministry under UKRARPA project

The Ukroboronprom State Concern seeks to have tighter cooperation with Ukrainian Defense Ministry under the UKRARPA defense innovation development platform project initiated by the concern

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Ukraine: agricultural exports exceed $11 billion in January-October 2016

According to the State Statistics Service, in January-October Ukraine exported agricultural products valued at $11.837 billion, or 40.7% of the general national exports, the Ministry of Agrarian Policy and Food of Ukraine declared

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Italy: Honeywell to install SCADA for TAP

Trans Adriatic Pipeline AG (TAP) has selected Honeywell SRL of Italy for the engineering, procurement and installation of its SCADA (Supervisory Control and Data Acquisition) telecommunications and security systems, reads a message posted on the TAP website

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Europe: Parliament hopes to achieve better financial transparency for ports

Rules approved by the European Parliament on December 14, are intended to secure clearer payment procedures and support European ports received from shipping companies and governments

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Ukraine: sunseed exports up in October 2016

Ukraine substantially boosted sunseed exports in October and they hit five-year high. 59.1 KMT of the product was exported that month against 2

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Belarus: thaw to shortly destroy snow cover

The meteorological conditions in Belarus are currently favorable for survival of winter crops. Snow cover protected crops against freeze that occurred in early December

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Azerbaijan: parliament amends tax legislation

The Azerbaijani parliament adopted a set of amendments to the country’s tax legislation, which will come into effect on January 1, 2017

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Azerbaijan looking for new economic model

Azerbaijan’s economic model covering the last 10 years has proved to be valuable, Shahmar Movsumov, executive director of the State Oil Fund of Azerbaijan (SOFAZ), reported

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Ukraine: over 20 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine exported 20.061 million tons of grains, up by 0.88 million tons YoY, the Ministry of Agrarian Policy and Food of Ukraine declared

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Azerbaijan: cash transactions by big entrepreneurs limited

Azerbaijan has limited cash transactions by large entrepreneurs operating in trade and public catering to 30,000 manats per month, starting from 2017, according to the amendments to the Tax Code approved at a plenary session of the Parliament

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Azerbaijan: number of foreign trade partners up

Some 183 countries became Azerbaijan’s foreign trade partners in January-November compared to 162 countries in the same period of 2015, the country’s State Customs Committee said in a report

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Azerbaijan eyes higher insurance market share in non-oil GDP

The government of Azerbaijan plans to increase the share of the insurance market in the country’s non-oil GDP to 1.4% until 2020, the Strategic Road Map for Development of Financial Services in Azerbaijan said

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Ukraine to import meat and milk from Ireland

Ukraine and the Republic of Ireland have discussed the issue of possible expansion of trade and economic cooperation, in particular, with regard to imports of Irish beef, pork, milk, and dairy products to Ukraine

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Azerbaijan: bread and poultry meat sale exempt from VAT

Azerbaijan has exempted the sale of poultry meat, production and sale of wheat flour and bread from value added tax (VAT) for three years starting from January 1, 2017, according to the amendments to the Tax Code approved at a plenary session of Parliament

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Lithuania: Depo in Klaipeda receives lukewarm reception

Arrival of a major brand stirs buzz and fuss around, but Depo in Lithuania has taken a different approach. If not for a couple of modest-size articles in local press, the residents of Klaipeda, where the Latvian hardware giant opened its first store, few would have noticed the coming

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Latvia: innovative approach towards tax policy

Last week Latvia’s Saeima conceptually supported legal drafts that provided for raising micro-enterprise tax rate from 9% to 15% and refusal of introduction of minimal social fees starting from 2017

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Ukraine: up to 9 million tons of coal per year bought from occupied territories of Donbas

Ukraine buys up to 9 million tons of coal per year from the occupied territories of Donbas, Deputy Prime Minister Volodymyr Kistion said. “We receive coal in the amount of up to 9 million tons per year from the occupied territories”, he said

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Moldova to open economic representative office in Turkey

At the meeting with Turkey’s Prime Minister Binali Yildirim, Vice-Premier, Minister of Economy of Moldova Octavian Calmic said the authorities sought to open an economic representative office under the Embassy of Moldova in Turkey for implementing joint projects with the country

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Estonia: Nordica to carry 400,000 passengers in 2016

Nordica airline, which was founded in 2015 by the Estonian state, released on December 15, the estimate that it would transport about 400,000 passengers in its first full year of operation

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Ukraine: foreign trade deficit in goods up in January-October 2016

In January-October the foreign trade deficit in goods in Ukraine totaled $2.089 billion against $397.1 million of proficit in the same period last year, the State Statistics Service of Ukraine reported

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